Company Overview

Business Description

Sector
Financials
Industry
Financial Services
Headquarters
United States of America US
Employees
900
IPO date
Oct 30, 1992

Radian Group is a mortgage finance company best known for mortgage insurance. It helps lenders make home loans to borrowers who put down only a small amount of cash by protecting the lender if the borrower defaults. In simple terms, Radian sits between the mortgage lender and the housing market, taking on part of the credit risk tied to new home loans.

The company mainly serves banks, mortgage originators, and other housing lenders in the United States. It earns money by charging premiums for mortgage insurance and by investing the funds it collects before claims are paid out. Radian also has related mortgage and real estate services that support lenders, investors, and homeowners around the loan process.

What makes Radian’s business different is that it is tied to home lending rather than to owning houses or making mortgages itself. Its role is to help lenders extend more credit while limiting their losses on risky loans. That makes Radian a key risk manager in the mortgage system, with results that depend heavily on the health of the housing market and borrowers’ ability to repay.

Radian Group Inc Investor Relations

Address
550 East Swedesford Road, Suite 350
Wayne, Pennsylvania
United States of America

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Mortgage insurance

This is Radian’s main business. It sells mortgage insurance that protects lenders if a homebuyer stops paying a loan, usually on higher-down-payment or lower-down-payment mortgages. The company also supports lenders with...

Customers

Mortgage lenders, banks, credit unions, and other loan originators that want protection on residential mortgages.

Revenue Model

Radian charges premiums for the insurance coverage and fees for related mortgage services.

Title and real estate services

This business handles title insurance and other closing-related services used when homes are bought, sold, or refinanced. It helps verify ownership, clear liens, and complete the transaction.

Customers

Homebuyers, sellers, mortgage lenders, real estate agents, and settlement companies involved in residential property transactions.

Revenue Model

Radian earns title insurance premiums and service fees from real estate closings and related transactions.

Management

Mr. Richard Gerald Thornberry CPA

CEO & Director

Biography unavailable

Ms. Sumita Pandit

CFO & Senior EVP

Biography unavailable

Mr. Robert James Quigley

Executive VP, Corporate Controller & Chief Accounting Officer

Biography unavailable

Mr. Edward John Hoffman J.D.

Senior EVP, General Counsel & Corporate Secretary

Biography unavailable

Mr. Derek V. Brummer J.D.

President of Mortgage Insurance

Biography unavailable

Ms. Mary Creedon Dickerson

Senior EVP and Chief People & Operating Officer

Biography unavailable

Mr. John W. Damian

Senior Vice President of Corporate Development & Investor Relations

Biography unavailable

Ms. Emily S. Riley

Executive VP & Chief of Staff to the CEO

Biography unavailable

Dr. Clifford V. Rossi

Chief Economist & Senior VP

Biography unavailable

Mr. Peter Danna CFA, FRM

Senior Vice President of Structured Products

Biography unavailable

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